Many people are fearful because they’ve read so many opinions about a Bitcoin crash. There are a lot of people expecting lower levels, with some even saying to get ready for $20,000 or lower!
People have a right to their predictions, but we need to watch the charts and rely on them rather than on opinions!
If you apply a Fib retracement tool to Bitcoin’s weekly chart, you can see the key support levels.
Measuring from the 2022 bear market bottom to the 2025 high, we have a Golden Pocket zone between $57,000 and $70,000, and Bitcoin is currently trading inside it.
This zone also aligns with the 2021 All-Time Highs and the 2024 consolidation phase. This was where 'smart money' and whales accumulated before the 2025 rally, and now price has returned to this key zone.
So the question is: what can we expect next? Is this just a painful shakeout before a final move up, or are we entering a bear market?
First scenario that most of people's expecting consolidating below $75,000 to $80,000 then again a move down toward $40,000 and even lower.
2. The second scenario, which fewer people expect, is a period of consolidation followed by a bounce from the Golden Pocket to flush out the shorts!
The key zone is $57,000 to $70,000. We need to hold above this level; otherwise, we could see further downside 📉.
The chart shows both possibilities. It comes down to a choice: do you stand with the minority who still believe in a recovery, or do you join the majority who believe this is the start of a bear market that will soon head lower?
I think we need to wait for confirmation in either direction before taking any risky trades. The market is on edge, so it's better to wait for a clear view. Do you think we should be patient until a move begins, or enter now without a plan?
